Net (Loss) Income Per Share

6 Months Ended

Jun. 30, 2019

NET (LOSS) INCOME PER SHARE

Net (loss) income per share was computed by dividing net (loss) income by the weighted average number of common shares outstanding for the three and six months ended June 30, 2019 and 2018:



	Three Months Ended June 30,					Six Months Ended June 30,
	2019			2018		2019			2018
Basic weighted average shares outstanding	110,345,135			102,597,059		109,744,405			101,747,416
Effect of dilutive securities:
2013 Convertible Notes (see Note 8)	—			3,854,959		—			—
Common stock options	—			3,870,462		—			—
Restricted stock awards	—			1,797,089		—			—
Restricted stock units	—			245,214		—			—
Common stock warrants	—			252,368		—			—
Diluted average shares outstanding	110,345,135			112,617,151		109,744,405			101,747,416
Net (loss) income as reported	$	(28,395	)	$	13,744	$	(47,550	)	$	(2,074	)
Interest attributable to 2013 Convertible Notes	—			886		—			—
Net (loss) income for diluted earnings per share	$	(28,395	)	$	14,630	$	(47,550	)	$	(2,074	)
Net (loss) income per share – basic	$	(0.26	)	$	0.13	$	(0.43	)	$	(0.02	)
Net (loss) income per share – diluted	$	(0.26	)	$	0.13	$	(0.43	)	$	(0.02	)

The below outstanding securities for the three and six months ended June 30, 2019, and the six months ended June 30, 2018 were excluded from the above calculation of net loss because their impact under the “treasury stock method” and “if-converted method” would have been anti-dilutive due to our net loss per share in each respective period, as summarized below.



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Common stock options	1,099,016	—	1,467,293	4,396,587
Restricted stock awards	1,790,556	—	1,790,556	1,797,089
Restricted stock units	385,919	—	385,919	245,214
2013 Convertible Notes	—	—	—	3,854,959
Common stock warrants	—	—	—	257,039
Total	3,275,491	—	3,643,768	10,550,888